"Diamonds producers around the world are struggling to survive, between the notorious hammer, a rough supply system that is vicious and erroneous, and an anvil, a vertically integrated financial structure that basically continues to squeeze out the juices," said the president of the International Association of Diamond Manufacturers (IDMA) Maxim Shkadov. He made a statement in connection with the 36th World Diamond Congress taking place in Antwerp. This IDMA forum is held once every two years in conjunction with a related industry organization - the World Federation of Diamond Bourses (WFDB).
"IDMA unites 15 member organizations that are the heart of the diamond industry," said Shkadov, "We will have to address the most important and pressing issues at this congress." In Antwerp, we will discuss the situation with diamond supplies and pricing, the use of technology and due diligence when marketing rough diamonds, as well as the situation with financing and banks, industry marketing and the consistency of the industry, reliability of sources and reputation. "
"Of course, we also need to pay close attention to the fact that IDMA as an organization should do to remain relevant in the rapidly changing diamond industry and the market.Now the influence of our members on the events in the supply network is minimal. deliveries of the diamond pipeline - from producers of raw materials and distributors to manufacturers of diamonds and retail jewelers - should understand that without us, cutters and polishers who are the heart of diamond trade, the entire industry Shall collapse and perish, "Shkadov warned.
Alex Shishlo, Editor-in-Chief of the European Bureau Rough & Polished
http://rough-polished.com/ru/news/91560.html